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GEORGIA LIFE, ACCIDENT, & SICKNESS
XCEL EXAM SIMULATION
2025|ACTUAL 130Qs&As|GRADED
A+
Question 1
In Georgia, how many days does an insurer have to
acknowledge receipt of a claim?
A) 5 business days
B) 10 working days
C) 15 working days ✅
D) 30 calendar days
Rationale: Georgia regulation (O.C.G.A. § 33-24-59) requires
insurers to acknowledge a claim within 15 working days.
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Question 2
What is the maximum penalty for transacting insurance without a
license in Georgia?
A) 1,000B)1,000B)5,000 ✅
C) 10,000D)10,000D)25,000
Rationale: Georgia law imposes a fine up to $5,000 for
unlicensed insurance activity per violation, plus potential
restitution.
Question 3
Under Georgia’s Unfair Trade Practices Act, which practice is
defined as “twisting”?
A) Misrepresenting policy terms to induce lapse
B) Inducing a policyowner to replace an existing policy with a
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new one through misrepresentation ✅
C) Charging excessive premiums
D) Discriminating based on age
Rationale: Twisting specifically means persuading a policyowner
to replace a policy by making false or misleading statements.
Question 4 (Scenario)
A Georgia agent tells a client that dividends are guaranteed.
This is an example of:
A) Rebating
B) Misrepresentation ✅
C) Coercion
D) Churning
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Rationale: Dividends are not guaranteed; they depend on
insurer’s surplus. Stating they are guaranteed is a
misrepresentation.
Question 5
In Georgia, an insurance agent’s license expires every:
A) 1 year
B) 2 years ✅
C) 3 years
D) 4 years
Rationale: Georgia licenses are biennial, expiring on the last
day of the agent’s birth month every other year.
GEORGIA LIFE, ACCIDENT, & SICKNESS
XCEL EXAM SIMULATION
2025|ACTUAL 130Qs&As|GRADED
A+
Question 1
In Georgia, how many days does an insurer have to
acknowledge receipt of a claim?
A) 5 business days
B) 10 working days
C) 15 working days ✅
D) 30 calendar days
Rationale: Georgia regulation (O.C.G.A. § 33-24-59) requires
insurers to acknowledge a claim within 15 working days.
,Page 2 of 60
Question 2
What is the maximum penalty for transacting insurance without a
license in Georgia?
A) 1,000B)1,000B)5,000 ✅
C) 10,000D)10,000D)25,000
Rationale: Georgia law imposes a fine up to $5,000 for
unlicensed insurance activity per violation, plus potential
restitution.
Question 3
Under Georgia’s Unfair Trade Practices Act, which practice is
defined as “twisting”?
A) Misrepresenting policy terms to induce lapse
B) Inducing a policyowner to replace an existing policy with a
,Page 3 of 60
new one through misrepresentation ✅
C) Charging excessive premiums
D) Discriminating based on age
Rationale: Twisting specifically means persuading a policyowner
to replace a policy by making false or misleading statements.
Question 4 (Scenario)
A Georgia agent tells a client that dividends are guaranteed.
This is an example of:
A) Rebating
B) Misrepresentation ✅
C) Coercion
D) Churning
, Page 4 of 60
Rationale: Dividends are not guaranteed; they depend on
insurer’s surplus. Stating they are guaranteed is a
misrepresentation.
Question 5
In Georgia, an insurance agent’s license expires every:
A) 1 year
B) 2 years ✅
C) 3 years
D) 4 years
Rationale: Georgia licenses are biennial, expiring on the last
day of the agent’s birth month every other year.
